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An Act To Limit the Loss a School Administrative Unit Could Receive under the School Funding Formula
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 20-A MRSA §15689, sub-§9  is enacted to read:
 
9.  Adjustment to limit loss of state subsidy.     Notwithstanding any other provision of this chapter and beginning in fiscal year 2007-08, a school administrative unit must receive no less than 95% of the amount of state subsidy for the current fiscal year as compared to the amount of state subsidy that the school administrative unit received in the preceding fiscal year.
 
SUMMARY
This bill establishes a 5% limit to the amount of state subsidy that a school administrative unit could lose from the preceding year to the current year under the Essential Programs and Services Funding Act.